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. >> the whole question of what's going to happen in washington with these negotiations about taxes and entitlements is a big question mark. if some resolution is reached on that, i think sales of cars and strucks should remain strong. >>> voting has begun at the world's largest social networking site. facebook users have seven days to decide. unless users cast ballots they will lose their right to weigh in on issues, including privacy issues. >>> pope benedict has 1.2 million followers. hoping to reach a broader audience. the 85-year-old pontiff has started a twitter account. the vatican says the pope will start tweeting on december 12. the pope himself is not expected write his own tweets, rather he will approve those written for him. >>> the royal announcement that had kate middleton briefly hospitalized. >> back here in just ten minutes, a little shower activity showing up in the north. more showers into wednesday. >>> the west coast's largest port complex stands at a stand still tonight as workers picket. the strike is costing up to $1 billion a day. cargo ships sit idle, unable to
. >> the whole question of what's going to happen in washington with these negotiations about taxes and entitlements is a big question mark. if some resolution is reached on that, i think sales of cars and strucks should remain strong. >>> voting has begun at the world's largest social networking site. facebook users have seven days to decide. unless users cast ballots they will lose their right to weigh in on issues, including privacy issues. >>> pope benedict has 1.2...
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. >>> also at home, new developments in the tax showdown in washington. a deal has to get done by january 1st or everyone's taxes will go up. we'll talk about what it will take to get negotiations back on track. >> republicans had their proposal yesterday. we'll see what the reaction is. >>> also, take a look at this video. is this the real-life grinch who stole christmas. the man caught on camera stealing christmas decorations. letting the air out of the whole thing. we'll get more on that in just a moment. >>> also, jessica biel here live. what's life like right now being married to justin timberlake. also, a new movie, on the way, "playing for keeps." so much to talk to her about today. >> that is coming up. >>> let's go to lara, live, all morning long, at buckingham palace with the latest details on the royal baby. good morning, lara. >> good morning, george. what a joy to be here on this day of celebration here in england. folks cheering and giving a thumbs-up as they pass. buckingham palace behind me. and the papers shouting out the great news. ther
. >>> also at home, new developments in the tax showdown in washington. a deal has to get done by january 1st or everyone's taxes will go up. we'll talk about what it will take to get negotiations back on track. >> republicans had their proposal yesterday. we'll see what the reaction is. >>> also, take a look at this video. is this the real-life grinch who stole christmas. the man caught on camera stealing christmas decorations. letting the air out of the whole thing....
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martha raddatz, abc news, washington. >> it's a little hard to believe since tens of thousands of folks have been killed already, use of chemical weapons would be off limits to the syrian regime right now. considering rebels have made advances that may be one of the most powerful weapons the government has in its arsenal right now. again, that's a red line according to the u.s. if chemicals are used, that could draw us into this conflict militarily. that is a whole different level of involvement here, and according to some senior officials, our folks, military have started to run drills in preparation for chemical attacks. that situation growing more serious. >> syria maintaining that they're not preparing for any sort of chemical warfare. though they have begun mixing compounds according to several sources. as she mentioned the sarin gas could be most readily used to fill artillery shells. real quickly, the united nations said monday they're immediately pulling all nonessential employees out of syria because of this new development. >> huge signal there as well. >>> all right. moving o
martha raddatz, abc news, washington. >> it's a little hard to believe since tens of thousands of folks have been killed already, use of chemical weapons would be off limits to the syrian regime right now. considering rebels have made advances that may be one of the most powerful weapons the government has in its arsenal right now. again, that's a red line according to the u.s. if chemicals are used, that could draw us into this conflict militarily. that is a whole different level of...
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fiscal crisis, the texas woman taking on washington and saying, if congress can't solve it, cut off their paychecks until they do. >>> and eyes wide shut. you will see our reporter behind the wheel, his eyes open, his brain asleep. an abc news experiment on drowsy drivers out cold, and they don't even know it. >>> good evening. we begin with that announcement out of england today that rocketed around the world. the future queen, kate middleton, expecting her first child, but she was rushed to the hospital, prince william by her side. abc's lama hasan is here. we talked with sources inside the palace, and she has the latest on what happened. lama. >> reporter: good evening, diane. well, the couple had been so tightly lipped about the pregnancy that some here at the palace the queen, prince charles and other members of the royal family reportedly only found out about it today. but when kate was hospitalized, the palace decided it was time to break the news to the world. the last time the world saw kate middleton was on friday, a picture of health playing field hockey. now we learn the duche
fiscal crisis, the texas woman taking on washington and saying, if congress can't solve it, cut off their paychecks until they do. >>> and eyes wide shut. you will see our reporter behind the wheel, his eyes open, his brain asleep. an abc news experiment on drowsy drivers out cold, and they don't even know it. >>> good evening. we begin with that announcement out of england today that rocketed around the world. the future queen, kate middleton, expecting her first child, but...
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the back and forth continues in washington between congress and the white house over the so-called fiscal cliff. this morning president obama will host some of the nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on the top 2% of income earners. republicans counted with a 2.2 trillion dollar deficit reduction plan, 800 billion dollars in revenue, but didn't call for raising tax rates on wealthy. the proposal was quickly ejected with the white house. >>> new -- rejected by the white house. >>> new poll shows -- gallup asked americans to rate honesty and ethical standards car salesmen got lowest marks 8% marked them high or very high. congress is just above them, only 10% scored in the top two categories to be honest. journalists 24%. top of the rankings, nurses, 84% of americans gave them the highest marks and of course meteorologists right behind that >> i was going to say even though it is not darn -- not a 100% science -- [ talking over each other ] >> 100% science that has accuracy, a little less -- okay stop digging. [
the back and forth continues in washington between congress and the white house over the so-called fiscal cliff. this morning president obama will host some of the nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on the top 2% of income earners. republicans counted with a 2.2 trillion dollar deficit reduction plan, 800 billion dollars in revenue, but didn't call for raising tax rates on wealthy. the proposal was quickly ejected...
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the back and forth continues in washington between congress and the white house over the so-called fiscal cliff. this morning president obama will host some of nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on top 2% of income earners. republicans countered with plan it would raise 800 billion dollars in revenue but doesn't call for raising tax rates on the wealthy the proposal was quickly rejected by the white house. >>> if you plan to fly anywhere for the holiday, book your flight right away. >> here's jane king with the bloomberg business report. >>> good morning. if you are thinking of flying over the holidays and don't have a ticket yes, book fast. airfares are up 4% compared to last year now that advanced purchase window can keep costs down if you buy 21 days in advance. if you are looking to save, christmas day airfares are cheaper along with december 27th and 31st, 17th and 18, may be good. congress gearing up to overall haul student loan debt collection wisconsin representative expected to introduce a measure thi
the back and forth continues in washington between congress and the white house over the so-called fiscal cliff. this morning president obama will host some of nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on top 2% of income earners. republicans countered with plan it would raise 800 billion dollars in revenue but doesn't call for raising tax rates on the wealthy the proposal was quickly rejected by the white house....
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wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home prices up 6.3% in october biggest jump since june of 2006. pending forecast indicates november index up more than 7% in california better, up more than 9% in october. live at the new york stock exchange, i'm jane king. >> you passed on grease how about a little singing in the rain? >> [ unintelligible ] >> if mike wants to sing, go ahead. >> sing and dance. >> soft shoe over there. >> i have an umbrella for you. you -- good morning. 6:48, looking from mount tamalpais this morning back down on what is mainly cloudy to the south, turning to the north it would pick up what we are seeing on live doppler 7 hd now, light rain scattered throughout sonoma northern parts of sonoma county and more offshore, headed your way, you are going to see the bulk of the wet weather through the morning commute the rest of us have to wait possibly evening hours outside of the north bay you will be getting waves of light rain the
wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home prices up 6.3% in october biggest jump since june of 2006. pending forecast indicates november index up more than 7% in california better, up more than 9% in october. live at the new york stock exchange, i'm jane king. >> you passed on grease how about a little singing in the rain? >> [...
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they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a deal. political reporter mark matthews explains what that means. >> san francisco cafe owner has been watching the cliff creep closer an hoping for rest logs. >> because if they don't it's going to be really tough. >>reporter: he's talking about employees. see the income taxes increase by a couple of thousands dollars. >> cost of living is really high and tough to make it especially in the city like san francisco. >>reporter: if congress and president can't reach an agreement income taxes will go up on nearly all americans. average family will be paying an extra 2000 to 2400 dollars a year. automatic spending cuts mean cuts to education. transportation. research and development. there's proposal to up airline fee that is could raise 1 billion dollars cutting back on those who 7 fad stamps could bring in another 4 to 16 billion over 10 years. eliminating saturday delivery of
they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a deal. political reporter mark matthews explains what that means. >> san francisco cafe owner has been watching the cliff creep closer an hoping for rest logs. >> because if they don't it's going to be really tough. >>reporter: he's talking about employees. see the income taxes increase by a couple of thousands dollars....
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you have a testosterone class in washington, d.c. and nothing is happening and the rest of us in america are suffering because nothing is going on. >> in switzerland they say the folks 10 to be happier. it depend on what your choices are. i don't know how happy the people would be if our cities were full of the sex boxes. whatever that is. >> your thoughts on that? >> we just found out the 3.8% surtax will be on our investments and houses. we are not used to government being this intrusive into our lives. one of the reasons we are not happy in america is because finally we are seeing this intrusion into our lives. our daily lives of more and more and more government. you wake up in the morning. walk outside your door. you will be taxed for it any more in this country. we like the freedom to take care of ourselves. we are no longer getting that freedom at all, whether it's locally or whether it's nationally with our national government. look at california. for every 100 workers in california we are supporting 139 people who are not wo
you have a testosterone class in washington, d.c. and nothing is happening and the rest of us in america are suffering because nothing is going on. >> in switzerland they say the folks 10 to be happier. it depend on what your choices are. i don't know how happy the people would be if our cities were full of the sex boxes. whatever that is. >> your thoughts on that? >> we just found out the 3.8% surtax will be on our investments and houses. we are not used to government being...
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>> tahman bradley live in washington today. thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another nasty storm is drenching the west coast, from northern california, into portland and seattle. this is the fourth big rainmaker to hit that area in a week. and this time, it could dump up to five inches of rain and cause even more flooding and destruction. abc's brandi hitt has the latest. >> reporter: after several days of drenching rain, downed trees, flooding and rockslides, families throughout the west are finally getting a break in the severe weather to clean up. three storms have slammed through the region in less than a week, dumping up to a foot of rain in some areas. wa
>> tahman bradley live in washington today. thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards of its members as very high or high. this puts the law making body, second-lowest on the list of 22 professions. higher only than car sales people. >> how telling is that? >> that's an indictment. >>> and another...
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steven hayes, thank you out of washington. martha: remember the homeless man whose picture went viral on the internet when a new york city policeman gave him a pair of socks and a pair of boots because it was a very cold night? now we're learning that he may not actually be homeless. there is more to the story. bill: okay. there are new developments here, a picture of george zimmerman from the day mart r- trayvon martin was killed. what happened next. >> after that first hit what happened next. >> he started bashing my head into the concrete sidewalk. as soon as he broke my nose i started yelling for help because i was disoriented and he started slamming my head into the concrete. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is t
steven hayes, thank you out of washington. martha: remember the homeless man whose picture went viral on the internet when a new york city policeman gave him a pair of socks and a pair of boots because it was a very cold night? now we're learning that he may not actually be homeless. there is more to the story. bill: okay. there are new developments here, a picture of george zimmerman from the day mart r- trayvon martin was killed. what happened next. >> after that first hit what happened...
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when people were asked in our cnn/orc poll about what they thought washington officials would behave like in these fiscal cliff discussions, 28% said responsible adults. 67% said spoiled children. spoiled children. low ethical standards. if ever there was a time for elected officials to step up and prove they don't deserve that reputation, well, it would be now. house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase, we're nowhere. period. david walker is president and ceo of comeback america initiative. he's made it his mission to promote fiscal responsibility. he joins us along with cnn political analyst, david gergen. david walker, let me start
when people were asked in our cnn/orc poll about what they thought washington officials would behave like in these fiscal cliff discussions, 28% said responsible adults. 67% said spoiled children. spoiled children. low ethical standards. if ever there was a time for elected officials to step up and prove they don't deserve that reputation, well, it would be now. house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next...
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when we come back here in washington, time is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ have led to an increase intands toclinical depression
when we come back here in washington, time is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection....
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when we come back here in washington, time is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. ? [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. we're keeping them honest. looking for facts, not offering our opinions or playing favorites. we're not supporting democrats or republicans. you can go to other cable channels for that. our goal is reporting, finding the truth and calling out hypocrisy. tonight the people you elected to go to washington and get things done can't seem to make any progress at all on the looming fiscal cliff. instead, what w
when we come back here in washington, time is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. ? [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile...
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i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post politics.com and capitol hill correspondents, nbc's kelly o'donnell and luke russert. kelly, to you, because this vote in the senate, john kerry led the way, it was bipartisan, in support. they needed 6 votes. it's a treaty, two-thirds of the senate and it failed. talk to me about all the ramifications here. >> it's not that often andrea, you know this, when votes on the senate floor can draw such powerful emotions and even tears from members of the gallery who attend in the public seats that are not in camera view. but we had that today. there was
i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post...
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a short while ago, president obama issued this warning from washington. today, i want to make it absolutely clear to assad andd those -- and those under his command, the world is watching. the use of chemical weapons is an would be totally -- is and would be totally acceptable. if you make them tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> i discussed his strong words to syria's leaders with the bbc 's state department correspondent. while u.s. officials talking about serious chemical weapons -- wh yare -- why are u.s. officials talking about syria's chemical weapons now? >> officials have been quoted as saying they have seen activity, that these weapons are being moved around, possibly in preparation for their use. it is very difficult to read the assad government and find out exactly what they are doing. are they trying to protect them? are they trying to bluff? we have heard from certain officials saying they have no intention of using chemical weapons against their own people. of course, that le
a short while ago, president obama issued this warning from washington. today, i want to make it absolutely clear to assad andd those -- and those under his command, the world is watching. the use of chemical weapons is an would be totally -- is and would be totally acceptable. if you make them tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> i discussed his strong words to syria's leaders with the bbc 's state department...
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susan mcginnis, cbs news, washington. >>> time now 4:40. santa comes early for some facing foreclosure. the promise being made to certain people struggling to keep their homes. >> plus the white house's worst fears. what the syrian government may try to do to its people. >> but a beer run gets ugly as fist flies. the suspects and the struggle coming up after the break. clerk got into a fist fightr beer. surveillance video shows a man apparently steag two cases of beer from the s statio >>> a south carolina convenience story lines clerk got into fistfight over a case of beer. a man is shown stealing two cases of beer from the gas station. you see the store employee trying to get it back. they struggle. the beer spills and at one points they raise fists and go at it. police have not caught anyone and the beer was a total loss. >> it looked like it spilled all over the pavement. >> wants his beer back. >>> speaking of beer, sad story. >> hey, guys. looks like we have some rain come again. this doesn't look as strong as the previous storm. stil
susan mcginnis, cbs news, washington. >>> time now 4:40. santa comes early for some facing foreclosure. the promise being made to certain people struggling to keep their homes. >> plus the white house's worst fears. what the syrian government may try to do to its people. >> but a beer run gets ugly as fist flies. the suspects and the struggle coming up after the break. clerk got into a fist fightr beer. surveillance video shows a man apparently steag two cases of beer from...
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and washington hangs on 17, 16. the monday night top five. at number five, tristan thompson meet detroit. the pistons beat the cavaliers. nightly hockey fix. mat tried to clear the puck but hit it into his own net for a goal. want to get away? tyreke's team lost three to nothing. at number three the baa boon baa boon stole the guys sandwich. number two this might be the most impressive nonchalant goal you've ever seen. with his heal. number one former arch bishop drew gordon. look at that. it's the worst flop i've ever seen. that is the worst marlin brando ever. and we'll be back. . >> i'm hoping all this rain was worth something. that we got the reservoirs beginning to fill, right. >> you asked the question earlier. we looked it up. lake shasta went up 17 feet over the past five days. >> that's significant. a lot of houseboaters and water skiers. >> see you tomorrow. band playing "late ) >> from new york, the greatest city in the world, it's the "late show" with david letterman. tonight... plus paul shaffer ane
and washington hangs on 17, 16. the monday night top five. at number five, tristan thompson meet detroit. the pistons beat the cavaliers. nightly hockey fix. mat tried to clear the puck but hit it into his own net for a goal. want to get away? tyreke's team lost three to nothing. at number three the baa boon baa boon stole the guys sandwich. number two this might be the most impressive nonchalant goal you've ever seen. with his heal. number one former arch bishop drew gordon. look at that. it's...
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and washington hangs on 17, 16. the monday night top five. at number five, tristan thompson meet detroit. the pistons beat the cavaliers. nightly hockey fix. mat tried to clear the puck but hit it into his own net for a goal. want to get away? tyreke's team lost three to nothing. at number three the baa boon baa boon stole the guys sandwich. number two this might be the most impressive nonchalant goal you've ever seen. with his heal. number one former arch bishop drew gordon. look at that. it's the worst flop i've ever seen. that is the worst marlin brando that is the worst marlin brando ever.
and washington hangs on 17, 16. the monday night top five. at number five, tristan thompson meet detroit. the pistons beat the cavaliers. nightly hockey fix. mat tried to clear the puck but hit it into his own net for a goal. want to get away? tyreke's team lost three to nothing. at number three the baa boon baa boon stole the guys sandwich. number two this might be the most impressive nonchalant goal you've ever seen. with his heal. number one former arch bishop drew gordon. look at that. it's...
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we have in washington i think in january we have a meeting of the mayors so we're both looking forward to that. >> reporter: yeah. whatever happened to the days of, you know, cracked crab and wine and cheese and hanging out at good restaurants? i guess it was a good cause. here's the story behind the story. the rumor was that both these guys have mustaches and the lose we're have to shave his moustache. you can see today that mayor bing and mayor lee both had their mustaches. i'm thinking they chickened out. there's always next year. go giants! we'll have more after this. ,, oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. you won't take our
we have in washington i think in january we have a meeting of the mayors so we're both looking forward to that. >> reporter: yeah. whatever happened to the days of, you know, cracked crab and wine and cheese and hanging out at good restaurants? i guess it was a good cause. here's the story behind the story. the rumor was that both these guys have mustaches and the lose we're have to shave his moustache. you can see today that mayor bing and mayor lee both had their mustaches. i'm thinking...
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bus bridges are in place from beach and hyde to washington and powell. plan for that if you take the powell-hyde line. capitol corridor train number 520 out of oakland up to 20 minutes late this morning. so getting busy. elsewhere as you work your way through the altamont pass one of our hot spots no accidents but it's slow as you work your way westbound. altamont pass towards livermore, and towards 680. eastbound some slight delays as you work your way through livermore, as well. 26 minutes now from the altamont pass to 680. looks like antioch loaded up, as well. one of our hot spots westbound 4 slow and go through antioch gets better once you hit the eastshore freeway. a closure on one-way traffic control happening at devil's slide today. we have some video of the area. one-way traffic will be in effect between linda mar and the northport tal bridge area of devil's slide. parts of highway one will be closed to prepare for the next storm. that's 9 a.m. to 3 p.m. >>> folks around the bay area today we have some more rain coming in our direction a lot of
bus bridges are in place from beach and hyde to washington and powell. plan for that if you take the powell-hyde line. capitol corridor train number 520 out of oakland up to 20 minutes late this morning. so getting busy. elsewhere as you work your way through the altamont pass one of our hot spots no accidents but it's slow as you work your way westbound. altamont pass towards livermore, and towards 680. eastbound some slight delays as you work your way through livermore, as well. 26 minutes...
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it's staring in the face of washington. with less than a month until the deadline, why president obama is spending time on twitter. >> the new evidence linking brain damage to repeated concussions. why a bay area doctor says it's still too early to ban tackle football for kids. >>> i'm delighted for them. i'm sure they will make absolutely brilliant parents. >> the royal couple is expecting. why kate though is in the hospital and will be for several days. ,,,,,, it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zinc free sup
it's staring in the face of washington. with less than a month until the deadline, why president obama is spending time on twitter. >> the new evidence linking brain damage to repeated concussions. why a bay area doctor says it's still too early to ban tackle football for kids. >>> i'm delighted for them. i'm sure they will make absolutely brilliant parents. >> the royal couple is expecting. why kate though is in the hospital and will be for several days. ,,,,,, it's the...
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. >> i'm danielle nottingham in washington. coming up, president obama consults a group of the nation's governors on the "fiscal cliff." >> and well wishes are pouring in for will and kate as brits make bets on whether it will be a boy, girl, twins or triplets. >>> hi, i'm meteorologist lawrence karnow live at the whole foods market in cupertino. if you have been looking for a way to help people for the holidays, we have a great idea for you plus we'll talk about that rain coming back all that in just a few minutes. ,,,,,,,,,,,,,,,, typhoon in the philippines. 33 villagers wer >>> at least 74 people are dead or missing following a powerful typhoon in the philippines. >> 33 villagers all swept way after a massive wave hit their emergency shelter there. the storm brought in 160-mile- per-hour winds ashore toppling trees and causing widespread power outages. >>> syrian violence is deadly for schoolchildren. state media reports 29 students and a teacher were killed when a mortar slammed into their school outside damascus. the repor
. >> i'm danielle nottingham in washington. coming up, president obama consults a group of the nation's governors on the "fiscal cliff." >> and well wishes are pouring in for will and kate as brits make bets on whether it will be a boy, girl, twins or triplets. >>> hi, i'm meteorologist lawrence karnow live at the whole foods market in cupertino. if you have been looking for a way to help people for the holidays, we have a great idea for you plus we'll talk about...
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. >>> closing in on the fiscal cliff, the latest offer and rejection in washington. strange new clues about the whereabouts of a missing millionaire from silicone valley. where in the world is this man now? >>> he started at $55 million and they have now reduced it. >> discount does the trick. what it does to get the priciest mansion off the market. >>> good evening to you, there is still a lot of cloud cover and another rainmaker on the way to the bay area. find out why this one is different and why we won't have a flooding concern this go around. reduction offer right off te fiscal cliff. >>> the white house has booted the gop's new deficit reduction off the fiscal cliff. the 10-year plan promises to shave $2.2 trillion through a combination of entitlement cuts and tax reform measures. but house republicans still refuse to meet president obama's bottom line. letting the bush tax cuts expire for the wealthy. in the statement, the white house said that the plan fails the balance test and sticks the middle class with the bill. >>> the gay marriage in california is sti
. >>> closing in on the fiscal cliff, the latest offer and rejection in washington. strange new clues about the whereabouts of a missing millionaire from silicone valley. where in the world is this man now? >>> he started at $55 million and they have now reduced it. >> discount does the trick. what it does to get the priciest mansion off the market. >>> good evening to you, there is still a lot of cloud cover and another rainmaker on the way to the bay area....
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in washington today, the republicans responded to the white house budget plan with a proposal of their own. it would raise the eligibility age for medicare and people on social security would get smaller cost of living increases. unless there's a compromise by the end of this month, taxes will go up automatically for nearly every american. there is a lot at stake. so we asked wyatt andrews to make sense of how these budget plans compare. wyatt? >> reporter: scott, this republican counterproposal today is long on reducing the deficit and saving big on medicare, but it leaves the two sides still hundreds of billions of dollars apart and they are not close on the basic approach to solve the fiscal cliff. in a letter to the president, house republicans called their offer a fair middle ground. it's a ten-year framework that cuts the deficit by $2.2 trillion. it includes $600 billion in health care cuts-- mostly medicare and medicaid-- $300 billion in other mandatory spending and $300 billion in cuts to all other federal spending. by contrast, the president has proposed around $600 billion i
in washington today, the republicans responded to the white house budget plan with a proposal of their own. it would raise the eligibility age for medicare and people on social security would get smaller cost of living increases. unless there's a compromise by the end of this month, taxes will go up automatically for nearly every american. there is a lot at stake. so we asked wyatt andrews to make sense of how these budget plans compare. wyatt? >> reporter: scott, this republican...
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susan mcginnis in washington this morning. thank you so much. >>> iran says this morning it's captured a united states drone flying over iranian air space. the drone was reportedly gathering information over the persian gulf when it was captured by iranian naval units. in 2011, iran brought down a cia drone. >>> at the united nations, the general assembly approved the resolution that calls on israel to open its nuclear facilities for inspection. the resolution calls on israel to join the nuclear nonprolivelation treaty. it's widely believed israel has a nuclear arsenal, but the israelis have never confirmed or denied they had nuclear weapons. >>> the u.s. is considering military options if syria uses chemical or biological weapons against opponents of the assad regime. u.s. intelligence has detected signs the syrian regime has begun preparing chemical weapons for possible use. it's believed syria has chemical and biological weapons stored at some two dozen sites. speaking in washington yesterday, president obama issued a point
susan mcginnis in washington this morning. thank you so much. >>> iran says this morning it's captured a united states drone flying over iranian air space. the drone was reportedly gathering information over the persian gulf when it was captured by iranian naval units. in 2011, iran brought down a cia drone. >>> at the united nations, the general assembly approved the resolution that calls on israel to open its nuclear facilities for inspection. the resolution calls on israel...
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. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins? >> the top baby names of 2012 were just announced and sophia is the top name for girls and aiden is the top name for boys. >> sochlt pphia and aiden. least popular, kim jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the congressional republicans. there are disagreements from both sides of how serious those numbers are. for the first time there ar
. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >> please shut up. just shut up. >> you shut up. >> that got annoying at the end. >>> and all that matters. >> let the speculation begin. will and katherine are expecting a baby. but what happens if they have twins? >> the top baby names of 2012 were just announced and sophia is the top name for girls and aiden is the top name for...
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so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that
so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving...
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washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip posted online, carol, showed what appeared to be two military officials examining what looked like a u.s. drone with that poster that you mentioned with the title "we will trample on the u.s.." >> i don't mean to change the subject. we hear the yelling behind you. you're in cairo, egypt. what's going on behind you, reza? >> reporter: these are the option factions here in cairo, who are back in pretty big numbers, few thousand of them in egypt, protesting against president morsi's decrees and this draft constitution that appears to be goin
washington denying iran has done anything. iran with a very different story and they're already using this to say that they've score d a bg intelligence victory over the u.s. the reports in state media in iran started early, according to iran captures a u.s. drone after it flew into iranian air space, southern iran. iran describing this drone as a scan eagle, about a ten-foot wing span that can go about 24 hours without refueling. iran already boasting a win, putting it on display, video clip...
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howard kurtz joins me live now from washington via skype. he's the anchor of "reliable sources" on cnn. this is pretty overwhelming stuff, i have to say. to just read it, my first inclination was to say, come on, that can't be true. what was your first reaction? >> there goes roger again because i reported last year ashleigh that roger ailes had dinner with most of the prospective presidential candidates including mitt romney and he gave him some advice about loosening up on the air. so even though he runs a major news channel, roger ailes was a backbattleground in republican politics, he can't resist dabbling in the political game. >> but to suggest a news organization might need some guidance on how to tailor what they're going on the air? >> i don't know if mcfarland was carrying a message from ailes or not. petraeus interestingly enough said fox seemed to turn against the war in afghanistan after it became obama's war, in other words when it was no longary war being prosecuted by george w. bush. more interesting to me is the noths that a
howard kurtz joins me live now from washington via skype. he's the anchor of "reliable sources" on cnn. this is pretty overwhelming stuff, i have to say. to just read it, my first inclination was to say, come on, that can't be true. what was your first reaction? >> there goes roger again because i reported last year ashleigh that roger ailes had dinner with most of the prospective presidential candidates including mitt romney and he gave him some advice about loosening up on the...
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jim acosta in washington with details. i'm going to let you explain what transpired between two and why some are saying this may have crossed the line. >> what is going on here, this comes out of the part of the process during the republican battle for that nomination when people inside the republican party pining for other candidates, people like chris christie, jeb bush and david patreaus. so it was in 2011 when an analyst for fox news, k.t. mcfarland sat down with general patreaus to talk about the war in afghanistan. also the prospect that david patreaus might be tapped to head the cia or be the chairman of the joint chiefs. it was during that discussion when this i guess proposal was issued to david patreaus. k.t. mcfarland said it came from ro ro roger ailes, if patreaus wanted to run for president ailes might be able to help him with that and run a david patreaus for president campaign. here's a little bit of sound from the interview obtained by "the post." the other thing was directly advice to me from roger ailes
jim acosta in washington with details. i'm going to let you explain what transpired between two and why some are saying this may have crossed the line. >> what is going on here, this comes out of the part of the process during the republican battle for that nomination when people inside the republican party pining for other candidates, people like chris christie, jeb bush and david patreaus. so it was in 2011 when an analyst for fox news, k.t. mcfarland sat down with general patreaus to...
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so as we begin to rebuild, folks are looking to washington or how can you help us? i can tell you, we must hope the families begin to rebuild. the devastation is so severe. for new york families, lives have been lost and homes are destroyed, businesses are in rebel and families have been cut off from basic services. one of the big stories across new york was how many families were without electricity for so long, for weeks. some still don't have electricity and obviously as the cold of winter continues to come in, we are worried about their safety. but amid this destruction, have also had the blessing to see what is best about new york. new yorkers have very strong. they are extremely resilient. communities have come together to rebuild. i can't tell you how many friends i saw called another friend's guiding basements, play not destroy property, having all the longings in the front of their homes. but with these friends and community members they were giving hope to families who have lost everything. so far we've had claims for 305,000 homes that have been seriously
so as we begin to rebuild, folks are looking to washington or how can you help us? i can tell you, we must hope the families begin to rebuild. the devastation is so severe. for new york families, lives have been lost and homes are destroyed, businesses are in rebel and families have been cut off from basic services. one of the big stories across new york was how many families were without electricity for so long, for weeks. some still don't have electricity and obviously as the cold of winter...
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it will be redistributed to washington and burned at the same time. neil: they are takinghe money right now and running in case of oracle you can almost see how much is means to larry, if is gets to 40 plus% percent he will take that money and get it now cheaper. >> i think what is mised there is no real place where you can get decent income right now, you can't buy bonds, you get 1 or 2%, you can't put in in the bank, coming back to something businesses those who mak 300,000, i extended a conference, they put cars, and trucks on the road, education to be technology people, they 56 pick water leaks, if they have extra income they can get from star stock ma, they will buy another truck and fix more water leaks, if you don't need food or energy, you don't have to worry about water, but most people do need food and energy, you take water, you are depleting our source of water quite literally, and making it very difficu, there are people, that will directly be affected in the sense, people that bottom 20%, that have high school education that will not get
it will be redistributed to washington and burned at the same time. neil: they are takinghe money right now and running in case of oracle you can almost see how much is means to larry, if is gets to 40 plus% percent he will take that money and get it now cheaper. >> i think what is mised there is no real place where you can get decent income right now, you can't buy bonds, you get 1 or 2%, you can't put in in the bank, coming back to something businesses those who mak 300,000, i extended...
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jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cu
jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good...
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saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on the hill. talking with those republican members today, it seems like the speaker still has the upper hand. that's going to narrow some of the running room that the speaker has going forward. very, very dicey situation for speaker boehner today. >> all right. we'll be watching that. thank you so much, eamon. want to get to mary thompson now. >> pandora reporting an adjusted loss for the quarter -- adjusted earnings, i should say. up five cents a share on revenue of $120 million. the company also gave guidance for the fourth quarter, seeing an adjusted loss for that period. up 6 to 9 c
saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on...
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liz: yesterday, i kidnapped peter barnes in washington, d.c.? i was there to be honored by jewish international women to watch awards -- [applause] i kidnapped them, kind enough to come, our boss there as well, and, oh, yeah, and peter barnes, our washington correspondent. our dc bureau, they all came, everybody. it was great. they helped me celebrate the award hop norring top jewish women in business and philanthropy, and there was no -- [inaudible] >> congratulations. [applause] >> 16 minutes before the closing bell rings, the dow making a go of it, but red, how will it end? stay tuned. ♪ liz: everyone's upping the dividend policy. companies reviewing them talking about the fiscal cliff, and there's a special end of year payment, protecting investors from paying higher taxes in january. a short time ago, management investment firm unvailed a special dividend of a dollar a share in addition to regular quarter dividend, and then there's oracle paying dividends for the next three quarters early. the software company shells out a total of 18 cen
liz: yesterday, i kidnapped peter barnes in washington, d.c.? i was there to be honored by jewish international women to watch awards -- [applause] i kidnapped them, kind enough to come, our boss there as well, and, oh, yeah, and peter barnes, our washington correspondent. our dc bureau, they all came, everybody. it was great. they helped me celebrate the award hop norring top jewish women in business and philanthropy, and there was no -- [inaudible] >> congratulations. [applause]...
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. >>> washington 78° y qué creen. todo podrÃa cambiar a partir del lluhns, el pronóstico muestra que nos llega un frente frÃo que nos refrescará y viene uno que entrarÃa hasta texas. el lunes se sentirá el frÃo desde canadá y alaska! >>> seguimos con más entonces! >>> gracias cristi! >>> qué pasó capitán? >>> todo el dinero! >>> está cansado? >>> raúl, no qué pasa? >>> tengo mucho sueño, no pude dormir nada. >>> por qué? >>> estaban todos los ladrones vigilando mi casa. >>> se hubiera lanzado a ladrar para espantarlos! >>> hice algo mejor, mandé a mi suegra en bata! >>> (risas). >>> tiene suegra? quién se habrá casado con él? (risas). >>> vamos a una pausa y regresamos con el clásico de la nfl. >>> qué lamentable también la muerte cerebral de miguel caleb. >>> muchas personas tiene trabajos parttime en estas fechas y sepa cuáles son sus derechos! >>> miren, esta empres limpia vidrios se visitó de héroes para animar a los niños de un hospital! >>> (mÚsica). >>> (mÚsica). (cantando). ♪ â™
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washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, at least, they're cutting some deals, and you felt that watching here and what you're talking about is exactly what's happening. >> people who are in on the discussion zoraida told me yesterday that what we're seeing play out is what's playing out. there's no back channel negotiation. there's no -- we're seeing it play out in real time and that's -- that's actually a little bit frightening. and because of this, there's something else that's happening i want to tell you about. oracle is the latest company that says it's going to pay out dividends to its shareholders early to avoid higher investment taxes next year. this means a pay day early for investors. mom and pop investors, too. you're going to get a dividend before the end of the year. dividends currently are taxed at 15%. in 2013 if we fall off the fiscal cliff, dividends will
washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, at least, they're cutting some deals, and you felt that watching here and what you're talking about is exactly what's happening. >> people who are in on the discussion zoraida told me yesterday that what we're seeing play out is what's playing out. there's no back channel negotiation. there's no -- we're seeing...
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but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is committed to debt reduction. he has really put in the time here and i admired his work on this. but even a guy like senator coburn who was on the commission and supported its report can't state the obvious. we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just sill
but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i...
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this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ends december 7th. trying to find a better job can likbe frustrating.gs, so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and a
this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. a new way to save on your prescriptions. it's the aarp medicarerx saver...
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there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping nearly p 3% to settle at $32.81 an ounce. david: markets hopping, but the next trader says investor participation is shifting. in chicago, larry, the key question here is what happens when the market gets off its hind legs and moves? move up or down? >> it all depends on what happens with the fiscal cliff. right now, there's boehner yelled out by his own party, the conservative part
there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after...
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. ♪ ♪ >> brian: new york giants play the washington red skin and they ended up lose will. i don't want to talk about. giants are 7-5 and redskins 6-6. he was faulted for keeping quiet about the fast and furious. gary grinnler chief-of-staff for eric holder is stepping down, last day tomorrow. steve, something to do with nothing i talked about. >> steve: has to do with the law. they risked their lives to protect our country. >> gretchen: u.s. veterans deemed too mentally incompetent to handle the finances are entered into a national criminal background system. that prevents them from buying or owning a gun. >> steve: should the second amendment right of those veterans be taken away. we'll have to judge andrew napolitano. >> i am upset about the gines. i will do my best. >> steve: in the defense bill, there is a sticky issue of whether or not veterans should be allowed to bear gun. >> the right to bear guns it is a natural right. if you are armed you have a right to defend yourself and your family and country. that is a right and not a gift from the government. you don't nee
. ♪ ♪ >> brian: new york giants play the washington red skin and they ended up lose will. i don't want to talk about. giants are 7-5 and redskins 6-6. he was faulted for keeping quiet about the fast and furious. gary grinnler chief-of-staff for eric holder is stepping down, last day tomorrow. steve, something to do with nothing i talked about. >> steve: has to do with the law. they risked their lives to protect our country. >> gretchen: u.s. veterans deemed too mentally...
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kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the american people overwhelmingly disagree. the rates have to rise and republicans need to acknowledge that. >> the major difference between the two sides is over taxing on the rich. obama wants to raise taxes on the wealthy. obama wa
kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of...
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think that you saw net long exposure widen out and get into the 50s but with the rhetoric coming out of washington now if you asked me three weeks ago if i thought a deal was going to get done i would have said yes. it does seem like a chicken fight here towards the end. if a deal does not get done that will have a very negative effect on markets. that is our opinion reflected on a lot of the long short guide. i don't think you are going to see some major pop in hedge fund performance coming into the last three weeks. >> it is tim. i think the pressure comes the year after they have had a bad year and guys like you who allocate the edge funds know that. you will probably be patient with a guy who maybe has a down year but he has to be there when the market turns. brazil that is a place where emerging markets have under performed. and the hunt for yield is another part of the question. we had yields all around the world. shouldn't this be an equity catalyst where guys have to reach for a more aggressive asset class because bonds just aren't doing it? >> there is no question that brazil will be the
think that you saw net long exposure widen out and get into the 50s but with the rhetoric coming out of washington now if you asked me three weeks ago if i thought a deal was going to get done i would have said yes. it does seem like a chicken fight here towards the end. if a deal does not get done that will have a very negative effect on markets. that is our opinion reflected on a lot of the long short guide. i don't think you are going to see some major pop in hedge fund performance coming...
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Dec 4, 2012
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it seemed at that moment when the s&p was trading there were policy makeers in washington, d.c., responded to the market. pelosi talked about the market on that friday, and that's where the encouragement came. i think where we sit now the market is going to force the hand of d.c. policymakers. i still think we get a fiscal deal cliff done. the data we saw yesterday was lousy. the employment component was the worst we've seen since september. i think on friday we're going to get a horrible unemployment report. i think the market is going to force the hand here to get a deal done. this is a tactical call. >> joe has gone a little sour on the market. where do you stand today? >> i'm going to stay as pos 0 tiff as a week ago. you look at the s&p and that's why i will stay positive. sitting around 1407. it broke through key levels and has moved back higher. 1425 on the s&p for an area to break above. so i think i will agree with joe, though, that right now with the data you have seen, with the ism number you saw yesterday, washington has to get something done. i think a deal will get done and t
it seemed at that moment when the s&p was trading there were policy makeers in washington, d.c., responded to the market. pelosi talked about the market on that friday, and that's where the encouragement came. i think where we sit now the market is going to force the hand of d.c. policymakers. i still think we get a fiscal deal cliff done. the data we saw yesterday was lousy. the employment component was the worst we've seen since september. i think on friday we're going to get a horrible...
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it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china. but realize, china is $8 trillion. our market is about twice the size. so we really need those manufacturing numbers to kick in next year. but of course there have been so many good confidence and housing numbers to sort of buttress that weaker number yesterday. > what is your stock strategy in the current market? > > i think the big question everyone has to ask themselves is, do i need microsoft, cisco, and intel in my portfolio? they have been laggards f
it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the...
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shopaholics drop an average of $263 a month in washington, d.c. that's more than anywhere else in the country. >>> andrew zimmer, the host of bizarre foods on the travel channel is blasting yelp.com. he says reviews of restaurants and other businesses should be left to the pros. he claims too many people abuse the site and try to blackmail the merchants they're commenting on. >>> trial began monday in italy for superstar fashion designers. they're charged with tax evasion. they deny any wrongdoing. >>> finally, it may be the only time you smile about a story on the fiscal cliff. you need to check out this youtube video of a little boy glued to the animation used by our friends at cnbc. [ laughing ] >> that's the great thing about kids. you can leave him there for 15 minutes. he'd be all set. >>> one of the coolest down hill skating races you'll see this year. plus, bofrming legend mohammed ali receives the biggest award in boxing history. that's next. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car
shopaholics drop an average of $263 a month in washington, d.c. that's more than anywhere else in the country. >>> andrew zimmer, the host of bizarre foods on the travel channel is blasting yelp.com. he says reviews of restaurants and other businesses should be left to the pros. he claims too many people abuse the site and try to blackmail the merchants they're commenting on. >>> trial began monday in italy for superstar fashion designers. they're charged with tax evasion....